Good morning, ladies and gentlemen. We're glad you could join us for AMD's 2021 annual stockholders meeting. This meeting is now called to order. I'm John Caldwell, chairman of AMD's board of directors, and I will chair today's stockholders meeting. Due to travel restrictions and precautions taken to combat the spread of COVID-19, we are holding this year's stockholders meeting entirely online. We want to make our meeting as accessible as possible to all stockholders, and we are pleased to provide you the opportunity to vote and ask questions online. It is now 9:01 A.M. The polls are open, and you may vote at any time during the meeting until the polls close. Online with us today are the following fellow directors and director nominees: Dr. Lisa Su, director, and our President and Chief Executive Officer; Mr. Mark Durcan, director and Chair of the Innovation and Technology Committee; Mr. Michael Gregoire, director; Mr. Joseph Householder, director and Chair of the Audit and Finance Committee; Mr. John W. Marren, director; and Mr. Abhi Talwalkar, director. Also joining us online is our Executive Vice President, Chief Financial Officer, and Treasurer, Mr. Devinder Kumar, and our Senior Vice President, General Counsel, and Corporate Secretary, Mr. Harry Wolin. In addition, representatives of Ernst & Young LLP, our independent auditors, are available for questions. As Chairman, I designate Mr. Wolin as Secretary of the meeting. Mr. Wolin will now conduct the formal portion of the meeting. Thank you, John. Good morning. As set forth in the notice of the meeting, the official business to be conducted is as follows. First, to elect the eight director nominees named in our proxy statement. Second, to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the current fiscal year. Third, to approve, on a non-binding advisory basis, the executive compensation of our named executive officers. No other matters will be considered. Following the formal business of the meeting, the meeting will be concluded and Dr. Lisa Su will deliver her report as President and Chief Executive Officer of the company. A stockholder question and answer session will follow that report. The question and answer session is open to all AMD stockholders who may submit their questions in the designated field on the web portal. I've been authorized by the board of directors to appoint Ms. Chris Vico, representing Broadridge, as inspector of elections for this meeting. Ms. Vico will determine the number of shares represented at this meeting, the validity of the proxies, the existence of a quorum, and the number of votes on all matters voted upon at this meeting. The board of directors fixed the close of business on March 23rd, 2021, as the record date for the determination of stockholders entitled to notice of this meeting and entitled to vote at this meeting. I have a list of stockholders of the company from Computershare, our transfer agent, showing 1,214,607,613 shares outstanding on the record date and entitled to vote at this meeting. This list has been available at our headquarters in Santa Clara, California, for the last 10 days and is available online for inspection by any stockholder. I also have an affidavit certifying that proxy materials for this meeting were first mailed on March 31, 2021, to all stockholders of record on March 23, 2021. I declare that legal notice of the meeting has been duly given. The affidavit is available for inspection by any stockholder who may wish to see it after the meeting. Immediately prior to the commencement of this meeting, a count of shares present indicated that 937,797,777 shares of the company's voting stock were present, representing 77.2% of the outstanding shares of common stock as of March 23, 2021. Based on this number, a quorum is present. If you wish to vote at this meeting and have not already done so, or if you wish to change your vote, please do so now by clicking the Vote Here button and following the pertinent instructions on the annual meeting portal. If you have already voted and do not wish to change your vote, your shares will be voted by the proxy holders in the manner specified on the proxy form. A copy of the minutes from the Advanced Micro Devices annual meeting of stockholders held on May 7th, 2020, is available online for inspection by stockholders. We will dispense with the reading of the 2020 meeting minutes this morning. The election of directors is the first item on the agenda. The slate of directors recommended by the board of directors is described in the 2021 proxy statement. The eight individuals who have been nominated for election are Mr. John E. Caldwell, Ms. Nora M. Denzel, Mr. Mark Durcan, Mr. Michael P. Gregoire, Mr. Joseph A. Householder, Mr. John W. Marren, Dr. Lisa T. Su, and Mr. Abhi Y. Talwalkar. I now declare the nominations closed. I will pause briefly for investor relations to review any online questions or comments on the proposal. There are no online comments or questions, Mr. Wolin. Thank you. The second item is to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for the current fiscal year. Again, I will pause briefly for any online questions or comments on the proposal. There are no questions or comments on the proposal, Mr. Wolin. The third item is to approve, on a non-binding advisory basis, the executive compensation of our named executive officers as disclosed in the 2021 proxy statement pursuant to the compensation disclosure rules of the Securities and Exchange Commission. Once again, I will briefly pause for any online questions or comments on the proposal. There are no online questions or comments on the proposal, Mr. Wolin. Thank you. The polls are about to close. It is now 9:07 AM Pacific Time. I declare that the polls are closed. Ms. Vico, please present the report of the Inspector of Elections. Yes. Based on the preliminary results, each of the nominees for director has received the affirmative vote of a majority of votes cast, and the ratification of the appointment of Ernst & Young as the company's independent registered public accounting firm has received the affirmative vote of a majority of the shares of common stock entitled to vote and represented at the meeting. The proposal concerning the advisory vote to approve the compensation of named executive officers received the affirmative vote of a majority of the shares of common stock entitled to vote and represented at this meeting. Thank you, Ms. Vico. Based on the preliminary report of the Inspector, each of the nominees for director has been elected, the appointment of Ernst & Young LLP has been ratified, and the proposal concerning the advisory vote to approve the compensation of named executive officers has been approved. The final report of the Inspector of Elections will be on file for inspection by stockholders, and the company will report the final results on a current report on Form 8-K with the Securities and Exchange Commission within four business days. On behalf of Mr. Caldwell, the formal portion of the meeting is adjourned. We will now proceed with Dr. Su's report. I would like to point out that management may be making forward-looking statements about the company's current plans and expectations. Actual results may differ materially from current plans and expectations, so I encourage you to review our SEC filings, where we discuss the risks inherent to our business. You will find detailed discussions in our quarterly report on Form 10-Q for the quarter ended March 27th, 2021. It should be noted that any non-GAAP financial measures referenced during Dr. Su's report are reconciled to their most directly comparable GAAP financial measures in the slide deck for this meeting, which can be found on the investor relations portion of AMD's website. At this time, I would like to introduce AMD's President and Chief Executive Officer, Dr. Lisa Su. Thank you, Harry, and thank you everyone for joining us at today's meeting. I want to give you an update on our business at this point. Let me start first with a reminder of our strategy. Our strategy has been very consistent over the last five years, and it's really a focus on compute, graphics, as well as solutions as being the major aspects of our technology and of our intellectual property. When you look at our focus from an overall market standpoint, we are best at high-performance computing solutions. When we talk about high-performance computing, we mean across applications like supercomputing, the cloud and hyperscale-type applications, AI and analytics, visualization, as well as gaming and smarter client devices. All of these items require more and more compute, and that's been especially clear as we've experienced the last 15 months through the global pandemic. When you look at our overall markets, we participate in large and growing markets. Our TAM today is about $80 billion, and that's across the data center, across PCs, as well as gaming. We see significant opportunities for continued growth in the market, and more importantly, for growth in AMD's participation in the market based on the strengths of our overall roadmaps as well as our strong customer relationships. As we go through the post-Xilinx acquisition, this TAM actually grows from about $80 billion to about $110 billion. Now let me go through a brief update on our progress in 2020 across each of these markets. Starting first with the data center. 2020 was a very strong year for us in the data center with record annual server processor revenue. When you look across the various pieces of the data center market, starting first with the cloud, we've made very strong progress in the cloud, and that's across both public instances as well as powering significant amounts of the internal workloads with industry leaders like Amazon Web Services, Google Cloud, Microsoft Azure, Tencent, and a number of others. We've also built a strong foundation for enterprise growth. And when you look at our footprint, both in terms of platforms with the largest OEMs like Dell, HPE, and Lenovo, as well as with Fortune 1000 enterprise customers, we see accelerating adoption across key verticals based on the strength of our product portfolio. When you look at supercomputing, this is also an area where we have seen significant growing momentum, and it's clear that our performance advantages are on both the CPU side as well as our growing Instinct portfolio with data center GPUs are enabling us to continue significant wins in the HPC markets. We're really proud of the work that we're doing together with the U.S. national labs, particularly with Oak Ridge National Laboratory on the next exascale computer, actually the first exascale computer for the U.S. with Frontier. Let me talk a little bit about the PC market. Certainly, the PC market has seen significant growth in 2020 from 2019 as the work from home, school from home dynamics have played out. That has driven a strong growth in the overall PC market, but our revenue has grown significantly faster than the market. Our client revenue grew by more than 50% in 2020. When you look at that, it's based on the strength of the product portfolio. Our desktop products with the Ryzen desktop processors are best in class in terms of performance across the price points. In notebooks, we delivered four straight quarters of record mobile processor revenue. That's based on strong demand for our Ryzen 4000 processors, as well as the launch of our new Ryzen 5000 processors that occurred at CES. We're on track to increase the number of notebook designs powered by our new Ryzen 5000 processors by 50% compared to the previous generation, positioning us well for further growth in 2021. You look at the progress across the markets, we see that our technology leadership is actually driving a move up the stack with higher premium ASPs and a growing number of commercial platforms. We think these are the most strategic portions of the market and will continue to be our focus going forward. Now let me talk a little bit about our progress in the gaming market. The gaming market is undergoing secular growth. There's a tremendous demand for more gaming capabilities, whether you're talking about PCs or consoles or in the cloud. 2020 was a very strong year for our gaming business as we launched our new RDNA 2 architecture in the high end of the Radeon 6000 series of GPUs. We've seen very strong demand for our new GPUs, the Radeon 6000 series were our fastest-selling high-end GPUs ever. We've also seen significant demand, we're very proud to be the technology in the newest game consoles from both Sony and Microsoft. Again, very strong product portfolio, very strong end user demand in that space. We're continuing to expand our RDNA ecosystem into the mobile form factor, and you'll hear more about that from us later this quarter. When you summarize all that and put it all together, we've executed extremely well across our product portfolio. This is really the best product portfolio in AMD's history with performance leadership across data center, PCs, and gaming. In addition to that, we've also strengthened the AMD brand and our reputation with customers. For all of these reasons, we have very strong confidence in our growth trajectory over the next few years. Now turning to some of the financials. We've made significant progress over the last few years. We had an especially strong set of financial results in 2020. We saw outstanding growth in the business. Our annual revenue reached $9.8 billion, and that was 45% growth year-over-year. We expanded margins both on the gross margin standpoint as well as the operating margin standpoint. We've been able to generate a significant growth in profitability with this scale in the business. Turning to 2021, we had a strong start to 2021 with growth in the first quarter of 93% year-over-year. We tripled the net income and earnings per share on a year-over-year basis. We had strong revenue growth across every business and especially with the data center business, which has been a strategic focus for us for the last several years. We doubled our data center revenue on a year-over-year basis. Based on the strong demand and also our strong partnership with our supply chain partners, we also updated in our last earnings call our full year guidance from originally at 37% year-over-year growth. We now see approximately 50% year-over-year growth over 2020. We're adding significant scale, close to $5 billion from 2021 compared to 2020. We also are expecting gross margins to expand to approximately 47%, and we're really very pleased to see the strong demand for our overall product portfolio, as well as our deep partnerships in the ecosystem that lead us to believe that 2021 will really be an outstanding year for our business. Now let me turn to our capital allocation strategy. We've made a lot of progress in the business over the last several years, and I'm very pleased to announce today that our Board has approved a $4 billion share repurchase program. Given our strong product portfolio and growing customer adoption, we are very confident in our long-term revenue and profit growth and strong cash generation potential. While we've always said that our number one priority for capital allocation is investing in the business, and that's investing in R&D and sales and marketing and scaling the overall size of the business, our Board feels strongly that this is the right time to start to return capital to our shareholders as our cash balances grow. The objective of this program is to o ffset share dilution from share issuances, as well as reduce share count over time through open market repurchases, and this will be funded through cash generated from operations. We're very pleased to announce this program today, and as always, we very much appreciate the support of our shareholders. I'd also like to give you an update on our Xilinx acquisition. Last October, we announced our strategic acquisition of Xilinx to create the industry's high-performance computing leader and really to position us to be the partner of choice for the largest and most important technology companies. We are very excited about the technology and IP that Xilinx has. Xilinx is really the ideal match for AMD. They're the industry's number one provider for FPGAs and adaptive SoCs, and we also see a very strong synergy with our CPUs and GPUs as we bring on additional adaptive computing capabilities for new and evolving workloads. We're making very good progress on the regulatory front, and we passed several important milestones to date, and we remain on track to close this acquisition by the end of 2021. With that, let me just close by reminding you of our ambitions and our focus. Our focus at AMD is really to build the best in high-performance computing. We have the best product portfolio in our history. We are expanding our customer and partner ecosystem with more and more adoption of our leadership products. We are seeing significant acceleration in our business, as evidenced by the strong growth over the last few years. As we accomplish these goals, our focus is on delivering best-in-class financial performance and shareholder returns. With that, Laura, why don't we open it up for questions and see if there are questions from our shareholders that have been submitted in the web portal. We also have the members of our board, as well as several of the officers of the company, and Ernst & Young, our independent auditors, who will also be happy to respond to questions. Laura? Thank you, Lisa. We do have a few questions online today. You did review our accomplishments in the PC market, but I do have some questions about your thoughts on the future of the PC market going forward, given that it has been so strong since the beginning of the pandemic. Yeah, thank you for that question. Certainly, the PC market has seen strong growth in 2020, and we're projecting for another strong growth year in 2021. We feel very good about the progress that we made in the PC market across the last few years, and although we have seen some increased demand from some of the work from home trends, we actually believe we're seeing strong adoption of the AMD Ryzen product portfolio based on our strong performance on both the notebook and the desktop sides. From our standpoint, I think the PC market is a good market. It's an important market. It's an essential market. We also see that AMD's participation in the market will continue to be focused on the premium segments and those places where we know that this demand will continue to grow post-COVID. That includes things like higher-end and premium consumer commercial SKUs as well as the gaming market. We're very focused on ensuring that we have consistent growth in this area. Thank you, Lisa. Our second question is related to the gaming market, and that it is difficult still to buy our new Radeon graphics cards online or on our website. Will we be able to make and sell more graphics cards this year to meet the high demand? Look, we have had a very strong market reception to our high-end Radeon 6000 GPUs. We are very, very happy with that. We see that demand continues to be strong. We will continue to ramp up production as we go through this year. We continue to prioritize our graphics cards for gamers. So, we are very focused on trying to ensure that the stock does go to gamers, and that includes selling GPUs through our amd.com website. Question number three today is, we continue to read about shortness of supply affecting the semiconductor computing market. Does AMD have supply agreements in place that will allow it to meet its objectives for the year of 50% revenue growth? Yes, there are some overall tightness in the supply chain for semiconductors. We had a very strong start of the year, and we have strong visibility working with our customers, as well as our supply chain in terms of what's available. Yes, we do have commitments to meet the 50% annual revenue growth in 2021. We're continuing to work with our supply chain partners and customers every day to make sure that we're satisfying their needs. We have excellent partnerships with our wafer suppliers, TSMC, and GlobalFoundries, as well as our manufacturing partners across the ecosystem. We continue to work closely with them. Overall, I would say channel inventories are still low in the supply chain. We're continuing to work with our partners to ramp overall capacity, and there's quite a bit more we would like to do. Thank you. Our final question today is about the program that you just announced, and why did AMD decide to start a share repurchase program now? Did you consider paying a dividend in favor of share repurchase program? Yeah. We're very pleased with the progress that we've made in the business over the last few years, and it's really been a multi-year growth strategy. I know many of you have been with us on this journey. Based on our very strong financial results and the cash generation that we see going forward, this is enabling us to, first, as I said, our first priority is to invest significantly in the business. We see significant growth opportunities across our business portfolio. It is the right time to start the return of capital to our shareholders, and we think this share repurchase program is the right thing to do. This is sort of the next step in our capital allocation strategy, and it will enable us to limit dilution from share issuances as well as reduce share count over time. We'll continue to evaluate what the best capital allocation strategy is over time, but we're very excited to be able to start the return of capital to our shareholders. Thank you, Lisa. There are no further questions. Ladies and gentlemen, I would like to thank our chairman, our board members and executives that are on the line today. As always, we would like to thank our shareholders for their support of AMD. We sincerely appreciate it and look forward to speaking with you again soon.